JMMB Group

What JMMB Group does

JMMB Group Limited is a Jamaican diversified financial services company founded in 1992 and headquartered at 6 Haughton Terrace, Kingston 10, Jamaica, operating across banking, investments, insurance, money transfer, and capital markets. It serves individual consumers, small and medium enterprises (SMEs with JA$15M–JA$425M in annual revenue and 6–50 employees), corporate clients, non-residents, and merchants through a multi-channel distribution network that includes 10+ branches across major Jamaican parishes, 14 Smart ATMs, 100+ money transfer agent locations, and the Moneyline digital banking platform and mobile app (iOS/Android). The product portfolio spans deposit accounts (EzAccess, Bonus Saver, Certificates of Deposit, Advantage, 'A' Account, Ez Start), loan products (mortgage, home equity, motor vehicle, education, payroll bridge, unsecured, commercial, construction, renewable energy), investment vehicles (Unit Trusts, Sure Investor, Wealth Builder, Graduate, Tax Shelter, EMMA stock brokerage, Bonds, Retirement Solutions), insurance brokerage (travel, life and health, general, Smart Biz SME package, professional indemnity), and payment services (MoneyGram/RIA/Xoom/Paysend/Remitly partnerships, JMMB GlobalPay Mastercard corridor to 30+ countries, VISA prepaid card receiving from 150+ countries, POS terminals, Scan-to-Pay QR, and an e-commerce gateway).

The group also operates JMMB Corporate Solutions and a Capital Markets business that delivers M&A advisory, debt and equity capital markets, leveraged finance, and syndicated lending to corporate, sovereign, and quasi-sovereign clients across Jamaica, Trinidad and Tobago, and the Dominican Republic. Wholly owned subsidiaries include JMMB Insurance Brokers Limited, JMMB Corporate Solutions, the JMMB Joan Duncan Foundation (corporate social responsibility), the Moneyline platform, and JMMB Money Transfer. JMMB monetizes through a hybrid revenue model combining interest income on loans and deposits, transaction and service fees, asset management and brokerage commissions on investment products, insurance brokerage commissions, capital markets advisory fees, and remittance fees. Compliance footprint includes FATCA registration, Jamaica Deposit Insurance Corporation (JDIC) membership insuring deposits up to JA$1,200,000, and documented KYC/AML policies. The firm is privately held with 501–1,000 employees and no public ticker.

Name

JMMB Group

Legal name

JMMB Group Limited

Website

https://jm.jmmb.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

501–1,000 employees

Short description

JMMB Group is a Jamaican private financial services company founded in 1992 that delivers retail and SME banking, investments, insurance, money transfer, and capital markets services across Jamaica, Trinidad and Tobago, and the Dominican Republic through branches, ATMs, agents, and the Moneyline digital platform.

Ownership category

akta.pro rank

Product category

Diversified Financial Services

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218), Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

National Commercial Banks (6021), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Discretionary Portfolio Management (DPM) (FSAAABAC)

akta.pro secondary industries

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), High-Net-Worth (HNW) Private Banking (FSABADAB)

Keywords

• Retail banking services
• Investment management
• Commercial lending
• Insurance brokerage
• Money transfer services

Headquarters

HQ city

Kingston

HQ country

Jamaica

HQ region

Latin America

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Interest Income: Revenue from interest earned on loans including mortgages, motor vehicle loans, home equity loans, unsecured loans, cash secured loans, commercial loans, and credit facilities. Interest is calculated and earned on deposit accounts as well.
2. Fee-Based Income: Service fees from various banking transactions including ATM withdrawals, inter-bank transfers, wire transfers, account maintenance, and other banking services. The company emphasizes 'no nuisance fees' philosophy but charges for specific services.
3. Investment Product Management: Revenue from investment products including JMMB Funds (Unit Trusts), Sure Investor accounts, Tax Shelter accounts, JMMB Wealth Builder, JMMB Graduate education plans, and stock brokerage services (EMMA account).
4. Insurance Brokerage: Commissions earned from brokering insurance products including travel insurance, life and health insurance, motor vehicle insurance, property insurance, and professional indemnity insurance through JMMB Insurance Brokers.
5. Capital Markets and Investment Banking: Revenue from providing tailored capital markets solutions including mergers and acquisitions advisory, debt capital markets, equity capital markets, leveraged finance, and syndicated loans to corporate, sovereign, and quasi-sovereign clients.
6. Money Transfer Services: Revenue from international money transfer services through partnerships with RIA, MoneyGram, Xoom Global, Paysend, Remitly, and other remittance providers, including fees for cash pickups and account deposits.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels7 records

Core offering

JMMB Group is a Jamaican diversified financial services company that provides retail and commercial banking, investment management, insurance brokerage, money transfer/remittances, and capital markets advisory through operating subsidiaries JMMB Bank (Jamaica) Limited, JMMB Insurance Brokers Limited, JMMB Investments, JMMB Money Transfer, and JMMB Corporate Solutions. Customers access products and accounts via the Moneyline online and mobile platform, a 10+ branch and 14-ATM physical network, 100+ money transfer agents, and dedicated relationship managers for corporate and SME clients.

Product overview

JMMB Group operates as a diversified financial services company offering a comprehensive portfolio of products across banking, investments, insurance, and payment services. The core offerings include Moneyline (online banking platform) and JMMB Moneyline App (mobile banking), which serve as the primary digital channels for accessing accounts, making transactions, and trading investments. Investment products include JMMB Funds (Unit Trust), Wealth Builder, Graduate, Sure Investor, Tax Shelter accounts, EMMA stock brokerage, Bonds, and Retirement Solutions. Deposit products span multiple tiers from basic EzAccess and Bonus Saver accounts to premium Accounts and Advantage deposits. Lending solutions cover mortgages, home equity, motor vehicle, education, payroll bridge, cash secured, and unsecured personal loans, plus commercial and construction loans for businesses. Insurance offerings through JMMB Insurance Brokers include travel, life/health, general insurance, Smart Biz for SMEs, and Professional Indemnity. Payment services feature JMMB Money Transfer with international remittance partnerships (MoneyGram, RIA, Xoom, Paysend, Remitly, etc.), JMMB GlobalPay powered by Mastercard, and JMMB Money Transfer VISA Prepaid Card. Business solutions include SME banking, POS terminals, QR code payments, e-commerce gateway, corporate treasury, capital markets, and private treaty property/vehicle sales.

Differentiator

Problem solved

Functional benefit

Brands

• Moneyline: Full online banking platform offering account management, wire transfers, stock trading, and bill payments
• Moneyline App
• JMMB Money Transfer VISA Prepaid Card
• JMMB Her Wealth
• JMMB Wealth Builder
• JMMB Graduate
• JMMB Drive Easy
• JMMB Smart Business
• JMMB Attorney Advantage
• JMMB Corporate Solutions
• JMMB SME Resource Centre
• JMMB Joan Duncan Foundation

Products and services

• Moneyline Online Banking Platform Full online banking platform enabling JMMB customers to check accounts, make transactions, view stock portfolios, request pension access, create standing orders, and access rates and services anywhere with internet connectivity.
• JMMB Moneyline App All-in-one mobile banking and investing application for iOS and Android providing bill payments, local and international wire transfers, stock trading, and full online banking functions in a single user-friendly interface.
• JMMB Funds (Unit Trust) Collective investment scheme managed by Jamaica Money Market Brokers Limited offering exposure to diversified portfolios across stocks, bonds, and unit trusts with professional management for individual investors.
• JMMB Wealth Builder Personalized investment plan tailored to individual financial goals, timeline, starting amount, and investment profile, offering a diversified portfolio with assets selected based on customer specifications. Starting balance J$50,000 or US$500 with tax-free advantages and professionally managed portfolio.
• JMMB Graduate Education-focused investment plan allowing customizable portfolios invested in stocks, bonds, and unit trusts for funding personal or children's education with tax-free benefits and flexible contributions.
• Sure Investor Fixed-period investment account with terms of 7, 30, 90, 180, or 365 days, investing in low-risk securities with fixed interest rates, cambio currency conversion services, and minimum investment J$5,000,000 or US$50,000. No management fee.
• JMMB EMMA Stock Brokerage Online stock brokerage service enabling buying and selling of Jamaican equities through the Moneyline platform. Minimum opening balance J$25,000 or US$200. JMMB claims this is Jamaica's largest retail stock brokerage.
• Bonds Fixed-income investment products where investors lend money to companies or governments in exchange for periodic interest payments and principal repayment at maturity.
• JMMB Retirement Solutions Pension plans for employees and employers enabling tax-deductible contributions up to 20% of annual income (10% employee, 10% employer) with conservative, moderate, or aggressive fund strategy options.
• JMMB EzAccess Account Interest-bearing savings account with 24-hour access, no monthly maintenance fees, no minimum balance requirements, free inter-bank transfers, and free bill payments. Minimum deposit J$1,000.
• JMMB Bonus Saver Savings account earning bonus interest twice yearly for regular deposits, available in J$, US$, CA$, GBP, or EUR currencies with no maintenance fees. Minimum deposit J$1,000, US$100, CA$100, £100, or €100.
• Certificates of Deposit (CD) Fixed-term deposit accounts with guaranteed returns and competitive interest rates, available for medium to long-term savings in multiple currencies. Minimum deposit J$2,000, US$1,000, CA$1,000, or £1,000. Funds insured by JDIC.
• JMMB Advantage Deposit account offering interest payment upfront at the start of deposit period rather than at maturity. Minimum deposit J$500,000 or equivalent in foreign currency.
• JMMB Ez Start Savings Account Simplified savings account designed for financial inclusion with reduced KYC requirements (only ID and TRN needed). Minimum deposit J$100, maximum J$200,000 in monthly deposits.
• JMMB 'A' Account High-yield, tax-free deposit account exclusively for non-residents of Jamaica, earning tax-free interest on US$, CA$, or GBP balances with flexible rollover options and JMMB Moneyline access.
• Smart Business Account Interest-bearing current account for SMEs with annual revenue under J$450 million, featuring no monthly fees, free bill payments, and free inter-bank transfers.
• JMMB Attorney Advantage Account Specialized current account for attorneys with individual sub-accounts per client, multi-currency flexibility, and integrated JMMB Moneyline access for client fund separation.
• JMMB Mortgage Home mortgage financing with up to 95% financing, 2-month payment holiday, no legal fees, and competitive processing/commitment fees. Maximum tenure 35 years. Joint financing with NHT available.
• Home Equity Loan Collateral loan using home equity as security with relatively low rates and flexible payment terms. Maximum tenor up to 15 years or retirement age.
• JMMB Drive Easy (Motor Vehicle Loan) Motor vehicle financing with up to 100% financing, competitive rates, and flexible tenure up to 10 years for new cars. Includes insurance brokering services.
• JMMB Graduate Loan Education financing with unsecured or secured options, flexible repayment up to 5 years, fast approval, and competitive rates for personal or children's education expenses.
• JMMB Payroll Bridge Short-term payday advance loan for salaried employees to cover emergencies between paychecks. Maximum J$2,500,000 with up to 5 years repayment.
• Cash Secured Loan Loan secured by existing cash savings where deposited funds serve as collateral. Maximum 90% of asset value with up to 5-year tenor.
• Unsecured Loan General-purpose loan without collateral requirement. Maximum J$25 million with tenure up to 7 years for any legitimate purpose.
• Commercial Loans Business financing for real estate purchase, equipment acquisition, working capital, and expansion. Available in Jamaican or US Dollars with flexible payment plans.
• Construction Loans Development financing with competitive interest rates and up to 70% project cost financing. Available in JMD and USD with purchaser deposits held in escrow.
• Renewable Energy Loan Business financing for renewable energy projects including solar installations. Up to 6-year term with financing up to 70% of combined inverter and panel value.
• Working Capital Financing Trade and receivables finance solutions unlocking funds trapped in inventory or receivables, including commercial banking services for cash management.
• Guarantees and Standby Letters of Credit Bank guarantee covering losses if borrower defaults. Standby letters of credit serve as payment guarantee of last resort for contractual commitments.
• Accounts Receivable Factoring Invoice factoring converting receivables to immediate cash. Fixed assets financing available for real estate, equipment, and motor vehicles, plus business expansion and debt consolidation.
• Travel Insurance Worldwide travel coverage including medical expenses, trip cancellation, baggage loss, and emergency assistance, brokered by JMMB Insurance Brokers for individuals and corporate travelers.
• Life and Health Insurance Term life, universal life, critical illness, and disability income insurance policies, plus health expense coverage including maternity, dental, and optical, brokered by JMMB Insurance Brokers.
• General Insurance Coverage for motor vehicles, property, pecuniary losses, liability, personal accident, and marine/aviation risks, brokered by JMMB Insurance Brokers.
• Smart Biz Insurance Package Exclusive SME business insurance bundling multiple covers under one affordable flat premium, underwritten by a leading insurer for small to medium enterprises.
• Professional Indemnity Insurance Coverage for professional negligence, loss of documents, breach of copyright, defamation, and legal costs from third-party claims, brokered by JMMB Insurance Brokers for professionals and firms.
• Insurance Premium Financing Business loan leveraging existing insurance coverage to secure financing up to 100% of annual insurance costs. Loan terms 3-9 months, offered by JMMB Bank.
• JMMB Money Transfer VISA Prepaid Card Prepaid card enabling receipt of remittances from over 150 countries within minutes, with ATM withdrawals, POS purchases, online payments, and 10% cashback on points earned (1 point per J$100 spent). No annual fees, with up to 4 free ATM transactions at JMMB ATMs monthly.
• JMMB GlobalPay Cross-border payment solution powered by Mastercard enabling real-time or next-day transfers to bank accounts in over 30 countries with competitive FX rates and bulk payment capability for corporate clients.
• JMMB Money Transfer Service International remittance service partnering with multiple providers including MoneyGram, RIA, Xoom, Paysend, Remitly, Taptap Send, Thunes, Viamericas, RemitBee, Union Caribe, and Omni for sending money to Jamaica from overseas, with funds deposited to JMMB Money Transfer Prepaid VISA Card or picked up at JMMB Bank branches.
• JMMB Bank POS Terminals Point-of-sale terminals accepting Visa debit cards with no setup or rental fees. Supports Ethernet, Wi-Fi, and cellular connections with tap, chip, and swipe card processing.
• Scan to Pay (QR Code) Contactless mobile payment solution using QR codes scanned by smartphone cameras. No setup costs or monthly terminal rental charges, with consolidated reporting for merchants.
• E-Commerce Payment Gateway Online payment processing enabling businesses to accept globally accepted cards and sell products/services globally via websites 24/7.
• Capital Markets and Investment Banking Investment banking services including M&A advisory, debt capital markets, equity capital markets, leveraged finance, and structured solutions for corporate, sovereign, and quasi-sovereign clients across Jamaica, Trinidad and Tobago, and the Dominican Republic.
• JMMB Corporate Solutions Customized financial solutions for corporates including treasury services, capital markets, corporate banking, and commercial loans.
• Private Treaty Listings Bank-reclaimed properties and motor vehicles sold through private treaty process, including real estate and vehicles sold as-is where-is.

Quantifiable outcome

• JMMB is the largest retail stock brokerage in Jamaica
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

AI capability2 records

Feature6 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Republic Bank Limited: Trinidad-headquartered commercial bank with Caribbean operations including Jamaica — provides comparable commercial, retail, and SME banking services across the same geography.
• CIBC FirstCaribbean: Caribbean-wide commercial bank operating in Jamaica and across the region — provides directly overlapping retail, corporate, and wealth management services to similar customer segments.
• Massy Holdings: Trinidad-based diversified conglomerate with significant financial services (insurance, banking) alongside retail — comparable as a Caribbean-domiciled multi-line financial group with cross-border footprint.
• Guardian Group: Caribbean insurance and financial services group operating across the region — comparable to JMMB Insurance Brokers and JMMB Retirement Solutions in life/health insurance and pension products.

Direct peers

• NCB Financial Group: Jamaica's largest banking group offering commercial banking, investments, remittances, and insurance — direct head-to-head competitor to JMMB Group across personal, SME, and capital markets segments.
• Barita Investments: Jamaican investment bank and stock brokerage operating a comparable retail brokerage, unit trust, and investment management business — directly competes with JMMB's EMMA platform and JMMB Funds.
• Mayberry Investments: Jamaican investment and financial services firm offering stock brokerage, investment management, money transfer, and corporate finance — direct competitor in Jamaican retail brokerage and wealth management.

Broad incumbents

• Sagicor Financial Company: Major Caribbean financial services group spanning insurance, banking, investments, and pensions across Jamaica and the wider region — broad incumbent in the same product categories as JMMB with deeper regional footprint.
• Scotiabank Jamaica: Subsidiary of Bank of Nova Scotia offering full-service commercial and retail banking in Jamaica — competes with JMMB across deposits, loans, mortgages, and investment products as a global incumbent.

Others

• Western Union: Global remittance leader that is both a partner and indirect competitor in the cross-border money transfer space where JMMB GlobalPay and JMMB Money Transfer operate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/JMMBGROUPJA
• YouTubeyoutube.com/JMMBGroup
• Facebookfacebook.com/JMMBGroup
• LinkedInlinkedin.com/company/jmmb-group-jamaica
• Instagraminstagram.com/jmmbgroup
• TikToktiktok.com/@jmmbgroupja

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JMMB Group